Amended Statement of Beneficial Ownership (sc 13d/a)
February 26 2021 - 12:12PM
Edgar (US Regulatory)
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13D
Under the Securities Exchange Act of
1934
(Amendment No. 1)*
UNIVERSAL SECURITY INSTRUMENTS, Inc.
|
(Name of Issuer)
Common Stock
|
(Title of Class of Securities)
913821302
|
(CUSIP Number)
Ali Davoudi
7555 Ipswitch Rd.
Houston, TX 77061
713-640-4000
Copies to:
Ralph S. Janvey, Esq.
Krage & Janvey, L.L.P.
2100 Ross Avenue
Suite 2600
Dallas, TX 75201
(214) 397-1912
|
(Name, Address, and Telephone Number of
Person
Authorized to Receive Notices and Communications)
February 17, 2021
|
(Date of Event Which Requires Filing of this Statement)
|
If the filing person has previously filed
a statement on Schedule 13G to report the acquisition that is the subject of this Schedule 13D, and is filing this schedule because
of §§240.13d-1(e), 240.13d-1(f) or 240.13d-1(g), check the following box. ¨
Note: Schedules filed in paper format shall
include a signed original and five copies of the schedule, including all exhibits. See Rule 13d-7 for other parties to whom
copies are to be sent.
* The remainder of this cover page shall
be filled out for a reporting person’s initial filing on this form with respect to the subject class of securities, and for
any subsequent amendment containing information which would alter disclosures provided in a prior cover page.
The information required in the remainder
of this cover page shall not be deemed to be “filed” for the purpose of section 18 of the Securities Exchange
Act of 1934 (“Act”) or otherwise subject to the liabilities of that section of the Act but shall be subject to all
other provisions of the Act (however, see the Notes).
(1)
|
Names of Reporting Persons
Ali Davoudi and Haydeh Davoudi
|
(2)
|
Check the Appropriate Box if a Member of
a Group (See Instructions)
|
|
(a)
|
¨
|
|
(b)
|
¨
|
(3)
|
SEC use only
|
(4)
|
Source of Funds (See Instructions)
PF
|
(5)
|
Check if Disclosure of Legal Proceedings
is Required Pursuant to Items 2(d) Or 2(e) ¨
|
(6)
|
Citizenship or Place of Organization
USA
|
Number of
Shares
Beneficially
Owned by
Each
Reporting
Person With:
|
(7)
|
Sole Voting Power
0
|
(8)
|
Shared Voting Power
1,000
|
(9)
|
Sole Dispositive Power
0
|
(10)
|
Shared Dispositive Power
1,000
|
(11)
|
Aggregate Amount Beneficially Owned by
Each Reporting Person
1,000
|
(12)
|
Check Box if the Aggregate Amount in Row
(11) Excludes Certain Shares (See Instructions) ¨
|
(13)
|
Percent Of Class Represented By Amount
In Row (11)
<1%
|
(14)
|
Type of Reporting Person (See Instructions)
IN
|
This Amendment No. 1 amends the Schedule
13D filed by the undersigned (the “Reporting Persons”) on February 11, 2021. This Amendment No. 1 reports
a material decrease in Common Stock of Universal Security Instruments, Inc., a Maryland corporation (the “Issuer”)
owned by the Reporting Persons. Unless specifically amended hereby, the disclosure set forth in the previously filed Schedule 13D
remains unchanged.
Item 4. Purpose of Transaction.
Item 4 is hereby amended and restated as
follows:
Neither of the Reporting Persons currently
have any present plans or proposals that relate to changing or influencing control over the Issuer nor do the Reporting Persons
have any plans for extraordinary corporate transactions such as specified in Item 4 of Schedule 13D.
Item 5. Interest in Securities of the
Issuer.
Item 5(a) and Item 5(b) are
hereby amended and restated as follows:
Ali and Haydeh Davoudi have shared
power to vote or dispose 1,000 shares of Common Stock of the Issuer. This position represents less than 1% of the outstanding
shares of the Issuer. Ali Davoudi has the right to vote and dispose Haydeh Davoudi’s interest in their joint account as
set forth in Exhibit 99.2.
Item 5(c) is hereby amended and
restated as follows:
All transactions effected since the previously
filed Schedule 13D are set forth on Exhibit 99.1. All transactions were open market purchases or sales.
Item 5(d) is amended and restated
as follows:
Not applicable.
Item 5(e) is hereby amended and
restated as follows:
The Reporting Persons ceased to be beneficial
owners of more than five percent of the Issuer on February 17, 2021.
Item 7. Material To Be Filed as Exhibits.
Exhibit No. 99.1
|
Schedule of Transactions
|
|
|
Exhibit No. 99.2
|
Power of Attorney (incorporated herein by reference to Exhibit No. 99.2 to Schedule 13D filed by the Reporting Persons on February 11, 2021)
|
SIGNATURE
After reasonable inquiry and to the best
of our knowledge and belief, the undersigned certify that the information set forth in this statement is true, complete and correct.
DATE: February 26, 2021
|
ALI AND HAYDEH DAVOUDI
|
|
|
|
|
|
BY:
|
/s/ Ali Davoudi
|
|
|
Ali Davoudi, individually, and as attorney-in-fact for Haydeh Davoudi
|
Universal Security Instr... (AMEX:UUU)
Historical Stock Chart
From Mar 2024 to Apr 2024
Universal Security Instr... (AMEX:UUU)
Historical Stock Chart
From Apr 2023 to Apr 2024